Friends of the Foundation Stone Inm

Analysis

Friends of the Foundation Stone Inm is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of the Foundation Stone Inm reported income of $122k and spending of $125k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $55k to $122k (+120%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 218%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Foundation Stone Inm sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Eden House of Thailand ($122k), Flood Church Association ($122k) and Intelligent Transportation Society of America Its America ($122k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $34k in professional fundraising fees. At year end it held assets of $24k against liabilities of $62k, net assets of -$38k.